After the Capitals failed to reach the postseason for the first time in seven years, Leonsis announced that general manager George McPhee and Adam Oates were done.

Things have gone from bad to worse: superstar Alex Ovechkin has been injured during the IIHF World Championships in Minsk, Belarus. During the first game of the Western Conference finals this afternoon between the Chicago Blackhawks and Los Angeles Kings NBC's commentators reported that a source said the injury to Oveckin "looked bad."

English: Alex Ovechkin (Photo credit: Wikipedia)

After fighting off a series of injuries during the past few seasons, Ovechkin returned to form this past season, scoring 51 goals, his most since the 2008-09 season. When healthy, the 28 year old Ovechkin is among the most dominant power forwards in the NHL.

Missing the postseason cost the Capitals about $2 million per game. But losing Ovechkin, who is slated to earn $10 million a season through 2010-21, for an extended period of time would be more painful for Leonsis.